Auction.com is the leader in residential and commercial real estate auctions, particularly luxury home auctions. Over the last five years, they have sold over 100,000 homes.
Auction.com covers the costs of brochures, print ads, online ads and emails for properties listed with them. They help agents market properties online have a 15-person team that stages homes for "showcase events" that can include catering, valet parking and can draw hundreds of potential bidders.
Buyers must register in advance in order to bid on properties. Brokers can also register to represent their client. They will receive a broker-co-op of 2.5%. All buyers must provide a deposit and proof of funds up to the highest amount that they are willing to bid in advance.
Here is how the Auction.com process works for Buyers:
Here is how Auction.com works for Sellers: